Home Uncategorized NAHCO Aviance Targets N300 Billion Revenue with Contract Extensions

NAHCO Aviance Targets N300 Billion Revenue with Contract Extensions

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MD NAHCO, Mr. Indranil Gupta

NAHCO Aviance, West Africa’s leading ground handling service provider, has announced the extension of its ground handling contracts with three major international carriers, Emirates, Turkish Airlines, and Virgin Atlantic.

The five-year contract extension with Emirates, which resumed scheduled flights to Nigeria in October, will see NAHCO providing complete ground handling services to the airline. 

Virgin Atlantic, which has a long-standing relationship with NAHCO, has also extended its contract with the company. Turkish Airlines, which has worked with NAHCO for several years, has also renewed its contract with the ground handler.

The contract extensions are expected to contribute significantly to NAHCO’s projected revenue of N300 billion by 2029, a target announced at the company’s recent Facts Behind the Figures presentation at the Nigerian Exchange Limited (NGX).

NAHCO’s Group Managing Director/Chief Executive Officer, Mr. Indranil Gupta, described the development as “very good news” for the company and its shareholders. 

“For 45 years, NAHCO has been the leader in ground handling services in Nigeria and the entire West Africa region. We will continue to lead the way, satisfy our clients, and delight our shareholders”.

The company’s Group Executive Director, Commercial & Business Development, Prince Saheed Lasisi, added that the contract extensions were a testament to the trust that the airlines have in NAHCO. 

“We are delighted with this development and will go beyond expectations in making them the most satisfied airlines operating into and out of Nigeria,” Lasisi said.

The contracts are seen as a significant development in the relationship between NAHCO and the airlines, with Lasisi noting that any airline that provides the best service will depend on the ground handler that provides the best service to maintain its topflight position. 

“NAHCO is honoured to have been entrusted with the ground handling services of these reputable carriers”.

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